Canada’s Brookfield Renewable places 41yr (!) $176m Hydro bond / Another $146m WB Green Bonds into Uridashi market

Ethical Markets SRI/ESG News

Canada’s Brookfield Renewable issued a $176m bond to fund a new 45 MW hydroelectric project in British Columbia. Interest rate is 4.45%, fully amortizing over a term of, yes you read it right, 41 years. The bonds are rated A (low) with a stable trend by DBRS. Scotia Capital was the private placement agent.

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